A Public Financial Management Framework For Resources Producing Countries

Author by : Jean-Luc Hélis
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 34
Total Download : 332
File Size : 47,7 Mb
pdf pdf

Description : This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-producing countries should adopt. The paper outlines a PFM framework and reform path that take into account the institutional diversity of resource-producing countries. In the short term, the proposed reforms highlights the tools that could be implemented even where the PFM system is rather basic, while over the medium and long term they aim at converging with best international PFM practices.


Public Financial Management And Its Emerging Architecture

Author by : Mr. M. Cangiano
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 47
Total Download : 192
File Size : 41,7 Mb
pdf pdf

Description : The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch


The International Handbook Of Public Financial Management

Author by : Richard Allen
Languange : en
Publisher by : Springer
Format Available : PDF, ePub, Mobi
Total Read : 63
Total Download : 301
File Size : 46,9 Mb
pdf pdf

Description : The Handbook is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten years. The book is aimed at a broad audience of academics/students, government officials, development agencies and practitioners. It covers both bread-and-butter topics such as the macroeconomic and legal framework for budgeting, budget preparation and execution, procurement, accounting, reporting, audit and oversight, as well as specialist subjects such as government payroll systems, local government finance, fiscal transparency, the management of fiscal risks, sovereign wealth funds, the management of state-owned enterprises, and political economy aspects of budgeting. The book sets out numerous examples and case studies describing good practice in public financial management, and is highly relevant for use in both advanced and developing countries.


Uganda

Author by : International Monetary Fund. Fiscal Affairs Dept.
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 18
Total Download : 223
File Size : 55,8 Mb
pdf pdf

Description : Publication of a “Charter for Fiscal Responsibility” at the start of each new Parliament is a requirement of Uganda’s new PFM Act. The Charter should set out measurable medium-term objectives for fiscal policy, and explain the methodology, data, and procedures by which performance against the objectives would be measured. Previous FAD missions provided general advice on the content of the Charter. This mission worked with MoFPED to develop the current draft of the Charter, focusing on some key outstanding issues: the choice of fiscal objectives; procedures governing deviations from the objectives; dealing with future petroleum revenues; and reporting and operational requirements. Recommendations in these areas are summarized in Table 1.


Designing A Fiscal Framework For A Prospective Commodity Producer Options For Lebanon

Author by : Mariusz Jarmuzek
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 30
Total Download : 861
File Size : 44,9 Mb
pdf pdf

Description : Lebanon is expected to have gas resources in its Mediterranean basin, and these could turn the country into a natural gas producer over the next decade. Lebanon’s economy and institutions will thus need to adapt to the challenges and opportunities that such change will bring. In this paper, we address how Lebanon’s fiscal framework will need to be reformulated to take into account potential resource revenue. Designing a fiscal regime appropriately is an absolute prerequisite to make sure the government can receive a fair share of the resources while investors face appropriate incentives to invest and develop the sector. This step should be followed by setting macro-fiscal anchors and supporting institutions. The prospective framework should initially be focused on ensuring fiscal sustainability and intergenerational equity, given the estimated relatively short horizon of Lebanon’s gas resources. Strong institutional arrangements also need to underpin the prospective framework, to ensure that the pace of resource wealth’s use is set in line with Lebanon’s capacity constraints.


Economic Governance

Author by : United Nations. Division for Public Economics and Public Administration
Languange : en
Publisher by : United Nations Publications
Format Available : PDF, ePub, Mobi
Total Read : 25
Total Download : 294
File Size : 47,5 Mb
pdf pdf

Description : The challenge facing all countries is to create a system of economic governance that promotes the process of decision making that affect a country's economic activities or its relationship with other economies. This study concludes that sound governance is essential for ensuring good governance and sustainable development. Developing and transitional economies will have to strive to reduce, if not eliminate, the subversive impact of corruption in their economic activities. They must establish strong institutional framework and strengthen the administrative and technical capabilities of their public administrators to achieve sustainable socioeconomic development.


Imf Economic Review

Author by :
Languange : en
Publisher by :
Format Available : PDF, ePub, Mobi
Total Read : 40
Total Download : 319
File Size : 48,5 Mb
pdf pdf

Description :


Imf Survey

Author by : International Monetary Fund
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 25
Total Download : 862
File Size : 52,7 Mb
pdf pdf

Description : Global market turmoil; Strauss-Kahn to head IMF; Global warming; Europe: Financial integration; Islamic finance; Emerging market vulnerability; Subprime turmoil: Lessons; Maghreb integration; Oil producers: Fiscal management; News briefs.


Financial Accountability In Nepal

Author by : World Bank
Languange : en
Publisher by : World Bank Publications
Format Available : PDF, ePub, Mobi
Total Read : 24
Total Download : 943
File Size : 41,7 Mb
pdf pdf

Description : Reforms in financial management are critical and should be approached in an integrated way covering planning, budgeting, accounting, internal control, internal audit, external audit, and oversight. Reform in only one area of financial management will not result in the same degree of expected benefits. This diagnostic study analyzes the budgeting, accounting, financial reporting and auditing systems, and the standards and practices in both the public and private sectors of Nepal's economy. The objectives of this study are to evaluate the strengths and weaknesses of the system, to assess the fiduciary risk that investments in both the public and private sectors are subject to and to identify the needs for capacity building in these areas.


Strengthening Russia S Fiscal Framework

Author by : Daria Zakharova
Languange : en
Publisher by : International Monetary Fund
Format Available : PDF, ePub, Mobi
Total Read : 65
Total Download : 665
File Size : 40,5 Mb
pdf pdf

Description : Though many aspects of Russia''s fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overall rather than the nonoil balance, and the regular use of supplemental budgets to spend windfall oil revenues contribute to procylicality of fiscal policy, risking costly boom-bust cycles. Against this background, this paper suggests several improvements to the framework for fiscal policy.